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Time Deposit Withdrawal Limitations QgcPrincipal: BALANCES MUST BE MAINTAINED THROUGHOUT THE CONTRACTED TERM OF THE TIME DEPOSIT. EARLY WITHDRAWAL WILL RESULT IN PENALTY. IZ}Clnterest: PENALTIES WILL BE ASSESSED UPON EARLY WITHDRAWAL. THE AMOUNT OF THE PEN- ALTY WILL BE DETERMINED BY THE TERM OF THE TIME DEPOSIT. ~Interest Timing: You can withdraw interest WITHOUT PENALTY MONTHLY, QUARTERLY, SEMI-ANNUAL- LY, ANNUALLY OR AT THE MATURITY OF THE TIME DEPOSIT. ~ Withdrawal of interest before maturity. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Early Withdrawal Penalty IZ}CThe fee weWILL impose will equal 30 DAYS INTEREST IF THE TD IS LESS THAN 1 YEAR AND 90 DAYS IF GREATER THAN 1 YR. ~We MAY impose a penalty of seven days interest if the withdrawal is made within the first six days after the deposit. o If you withdraw some of your funds before maturity, the interest rate for the remaining funds in your account will be_ % with an annual percentage yield of %. o ~ The interest rate we will use to calculate the interest forfeiture will be: THE RATE AT WHICH YOUR TD IS CURRENTLY EARNING INTEREST. . We will charge the penalty first against any interest then in the account. and any excess will be deducted from the amount you withdraw. ~ Minimum Balance Accounts. We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum initial deposit or minimum balance as a withdrawal of the entire account balance and calculate the amount of the penalty accordingly. o We will permit an early withdrawal without imposing this penalty if this is a Keogh account or if this is an I.R.A. account and the request for withdrawal is made within seven days of establishing the account. However, the amount of interest earned on the amount withdrawn will be forfeited. This forfeiture will only apply to a Keogh account if the withdrawal is made within the first six days after deposit. Additions to Account o You may make no more than deposits into your account each o You may only make deposits into your account o You may make unlimited deposits into your account. ~ You may not make any deposits into your account until maturity. ~ The minimum amount you can deposit is $ 1 , 000 . 00 o The maximum amount you can deposit is $ FORM 221 ' . \9 1992 Bankers Systems, Inc., St. Cloud, MN (1-BOO-397-2341) Form TSD- TIME 11/19/92 o Renewal Policy o Non-automatically renewable time accounts. This account will not renew automatically at maturity. If you do not renew the account, ~ Automatically renewable. This account will automatically renew at maturity. ~ You will have A GRACE PERIOD OF 10 days after the maturity date to withdraw funds without penalty. o This account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew. o There is no grace period.. following the maturity of this account to withdraw funds without penalty. o We can prevent renewal if we mail notice to you at least days before maturity. RENEWAL TERMS ~ Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term. o Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will Bonuses ~ You will RECEIVE as a bonus .25% ABOVE CURRENT TD RATES o You must maintain a minimum of $ to obtain the bonus. ~ To earn the bonus, YOU MUST BE AT LEAST 50 YEARS OF AGE. Please call to learn the interest rate and annual percentage yield for your new account. (page 2 of 2)